Edward snowden, revealed its contribution in the creation of Zcash

[Lens1000]

There are so many cryptocurrencies in the crypto market. These cryptocurrencies have their uses and that is basically what characterise the cryptocurrency market. There are some cryptocurrencies that are called privacy cryptocurrency. The privacy cryptocurrency actually have high level of privacy in its transactions. This cryptocurrency is mostly used by the government to hide a transaction that is highly confidential. This is indeed a cryptocurrency that you could use to maintain secrecy when you are performing your financial transactions.

Behind the establishment of one of the privacy coins called Zcash, was Edward snowden. This man is a popular cybersecurity poster and he shared his thoughts on the development of the privacy coin called the Zcash in a media interview organised by the zcash media. We have seen many people who knows the benefits of using the privacy coin and it has actually made a lot of impact in highly confidential transactions that is to be done around the world. There are allegations that the privacy coins should be eliminated because of it could be used to fund perpetrstors of illegal activities. The high level of secrecy that is seen around the privacy coin allows it to be used to fund private illegal activities.

 

[Flow-er]

The privacy coin is a coin that is used in the cryptocurrency market to hide transactions because the transaction that is done mostly in the cryptocurrency market is recorded on the blockchain but if you want a highly secrecy transaction, then you may have to go with the privacy coin. It is not that the transaction done with cryptocurrencies are not private, it is indeed private because it is a decentralized transaction that could only be a self executed but in the case of the privacy coins , this transaction keys will be hidden from the blockchain and will be highly private and it cannot be accessible by anyone on the blockchain. That is why it is called a privacy coin. This coin is mostly used by the government officials just like what you made mention of, because the government are known for secrecy transactions or highly confidential transactions so this private coin could serve in this capacity. The use of the Zcash is not that popular like the other cryptocurrency but they are used specifically by special organisation that are known for confidential transactions. This is why the privacy coin isnmotnso popular like other cryptocurrencies in the crypto market.